Mena News

 

  Saudi SEC board OKs SAR12bn steam power station project
Oct , 09 , 2012  
  Saudi Electricity Co., or SEC, the largest-listed utility in the Gulf, said its board of directors have approved a project worth SAR12bn (USD3.2bn) to set up a steam generating plant in southern Jeddah. SEC said the contract will be finalized in the coming weeks after which the project will be implemented in 45 months.
 

Read More

  Saudi Arabia's Kingdom Holding to sell Riyadh land plot; book gain in Q3
Oct , 09 , 2012  
  Saudi Arabia's Kingdom Holding sold a land plot in Riyadh for SAR250mn (USD66.66mn) and expects to book a gain in the third-quarter, it said. Kingdom has signed a deal with Subul Development to sell 970,000 square metres of Kingdom Projects land located east of Riyadh, it said in a statement on the Saudi bourse. The profit from the sale was estimated at SAR143.7mn (USD38.3mn), which will be booked in the third quarter, Kingdom said.
 

Read More

  Kuwait's KCPC wins USD122.4mn deal for local infrastructure project
Oct , 09 , 2012  
  Kuwait Co. for Process Plant Construction and Contracting, or KCPC, said it has been awarded a KWD34.4mn (USD122.4mn) deal for a local infrastructure project. The 913-day project involves the construction and maintenance of roads, bridges, rainwater and sewage drains in addition to providing other services, KCPC said in a statement posted on the Kuwait bourse website.
 

Read More

  Saudi Arabia's Naimi says oil supply is ample to meet demand
Oct , 07 , 2012  
  Crude oil markets are well supplied and inventories remain adequate, Saudi Arabia's oil minister Ali Al-Naimi said, reiterating that the world's top oil exporter can and will meet any additional demand. "In the first quarter of 2012, prices were edging rather too high in our opinion. Saudi Arabia...worked hard to allay concerns over supply and help bring the price down to reasonable levels," Mr. Naimi said in an emailed speech”.
 

Read More

  Brent crude rises on Syria turmoil, weaker U.S. Dollar
Oct , 07 , 2012  
  Brent crude futures edged higher as inflamed tensions between Turkey and Syria, a weaker U.S. Dollar and refinery fires pushing up refined products futures pulled crude oil prices higher.
 

Read More

  ECB holds interest rates as inflation offsets growth concerns
Oct , 07 , 2012  
  The European Central Bank kept its main interest rate on hold at 0.75 percent as persistently high inflation offset concerns of the bloc falling back into recession. The interest rate on its deposit facility remains at 0.0 percent, and the rate on the marginal lending facility at 1.5 percent, the ECB said.
 

Read More

  Bank of England on hold for now, more stimulus on the cards
Oct , 07 , 2012  
  The Bank of England shied away from stepping up its programme of government bond buying, as the economy is showing signs of growth and new schemes to boost credit may yet spur lending. Still, another cash injection later this year remains a safe bet in the eyes of many economists because the recovery looks feeble, government spending cuts continue to weigh. After its two-day meeting, the Monetary Policy Committee made no change to its current plan to buy GBP50bn of British government bonds, which will take its total purchases to GBP375bn pounds by November. The central bank also left its interest rate unchanged at the record low of 0.5 percent, in line with a Reuters poll of economists, who had bet on unchanged policy.
 

Read More

  U.S. jobless rate tumbles to near 4-year low
Oct , 07 , 2012  
  The U.S. unemployment rate unexpectedly dropped to 7.8 percent in September and reached its lowest level since President Barack Obama took office, providing a boost to his re-election bid. The Labor Department said that employers added 114,000 workers to their payrolls last month, a moderate number, but it said a combined 86,000 more jobs were created in the prior two months than it had previously thought.
 

Read More

  Barclays replaced by local lender on UAE rate panel
Oct , 07 , 2012  
  National Bank of Fujairah will replace British lender Barclays on the United Arab Emirates' interbank rate setting panel, the banking regulator said. "Following the withdrawal of Barclays Bank from the Eibor fixing process, the National Bank of Fujairah was selected by the Eibor panel banks to join the Eibor panel, starting October 8 2012," the statement said.
 

Read More

  Abu Dhabi's First Gulf Bank says USD650mn bond sale oversubscribed
Oct , 07 , 2012  
  Abu Dhabi-based First Gulf Bank's recent USD650mn, five-year bond sale was more than four times subscribed as investors placed orders worth USD2.7bn, the company said. The bank issued the debt under an existing medium-term note program on Monday. The interest rate was fixed at 2.862 percent, or 210 basis points over midswaps, the bank said.
 

Read More

[First Page] [Prev] 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 [Next] [Last Page]

  
New Page 1
Privacy Statement

Copyright © 2012 LOTUS All Rights Reserved
Developed By Superlink